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Refinancing a Mortgage – Your 2021 Guide

Mortgage refinancing is when you pay off your existing mortgage by obtaining a new loan. With the existing one paid off, the new loan takes its place, which you then pay in monthly installments. But it isn’t as easy as it sounds; Did you know that the costs could be 3-5% of the loan amount, […]

Home Equity Line of Credit vs Loan

Ever heard of the term “House Rich but Cash Poor.” It happens when you have money tied in equity but not in your hands. 1.42 million homeowners with outstanding mortgages have home equity built up on their homes. Accessing your equity can be helpful in times of emergency or even when you are strapped for […]

Is it better to get a home loan from a bank or lender?

Acquiring a home loan is a complicated and time-consuming process. So, there are several factors you need to consider. Aside from making sure you get the best rate on your mortgage. You also need to consider the terms of your mortgage loan. The terms of your mortgage determine how long it will take to pay […]

How getting pre-approved for a home loan works

Applying for a home loan is a rigorous process that involves multiple steps. Many people do to alleviate some of the stress associated with applying for a mortgage is to get pre-approved. Getting pre-approved for a mortgage means that a lender will review your information to decide if you would be approved or not. Pre-approvals […]

What Is the Best Mortgage?

So what is the best mortgage? There are different types of home loans available for people looking to move into a new home. There are two main types of fixed-rate mortgages and adjustable-rate mortgages. Fixed-rate mortgages lock in your interest rate. Adjustable-rate mortgages have the possibility of increasing your interest paid over time. If you’re […]